Can Digital Finance Improve Accounting Information Quality?
Taking A-share listed companies in China during the year 2011-2020 as research sam-ples,this paper explores the impact of digital finance on corporate accounting information quality.It has been found that digital finance can restrain management earnings manipulation and effectively improve the quality of accounting information.The conclusion still holds after a series of robustness tests,such as repla-cing the core variable measurement method,introducing regional characteristic control variables,and sol-ving endogenous problems.The results show that the development of digital finance improves the quality of corporate accounting information by reducing corporate information asymmetry and easing corporate finan-cing constraints.Heterogeneity analysis shows that digital finance has a more significant effect on the im-provement of accounting information quality in regions with higher marketization degree and high-tech companies.
digital financeearnings managementaccounting information qualityinformation asym-metryfinancing constraints
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万方数据
